In November 2023, the Reserve Bank, fearing a bubble build-up in the unsecured loans segment, which has been growing at three times the other loans for nearly two years, asked credit card issuing banks to set aside 25 percentage points more money as risk capital, taking the total to 150%.
This story is from the December 06, 2024 edition of The New Indian Express Mangaluru.
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This story is from the December 06, 2024 edition of The New Indian Express Mangaluru.
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